Bitcoin | Pakistan

American entrepreneur Michael Saylor on Sunday lauded Pakistan’s efforts to move towards cryptocurrency and digital assets, according to a press release from the office of the State Minister on Blockchain and Crypto Bilal Bin Saqib. Pakistan is establishing itself as a key player in the global cryptocurrency economy and setting trends rather than following them in the digital currency space, said Saqib, who is also the Pakistan Crypto Council (PCC) Chief Executive Officer. The PCC was officially launched in March to “regulate and integrate blockchain technology and digital assets” into the country’s financial landscape. According to the press release, Saylor had a meeting with Saqib and Finance Minister Muhammad Aurangzeb, where the discussion revolved around how Bitcoin can serve as a tool for sovereign reserves, monetary resilience and driving long-term digital economic transformation. Calling Saylor “one of the most influential voices in Bitcoin’s institutional adoption”, the statement outlined that his en...

In a groundbreaking move to transform Pakistan into a global leader in digital innovation, the government has announced the allocation of 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power Bitcoin mining and artificial intelligence (AI) data centres. The government recently decided to legalise cryptocurrency to lure international investment in Pakistan. The Pakistan Crypto Council (PCC) was launched in March to “regulate and integrate blockchain technology and digital assets” into the country’s financial landscape. The federal government appointed entrepreneur Bilal Bin Saqib as the chief adviser to the finance minister on the council. A statement by the Finance Division says this ambitious initiative is spearheaded by the PCC — a government-backed body under the Ministry of Finance — as part of a broader strategy to “monetise surplus electricity, create high-tech jobs, attract billions of dollars in foreign direct investment, and generate billions of dollars for the gove...